IN BRIEF: Ten Lifestyle expects half-year revenue, earnings boost
Ten Lifestyle Group PLC - London-based customer loyalty platform for financial institutions - Shares rise following announcement of trading update for the six months ended February 28. Expects to report around GBP31.8 million in net revenue, up 3% on-year from GBP30.9 million a year prior, or by 5% at constant currency. Active members increase on-year to 354,000 from 349,000. Company also expects adjusted earnings before interest, tax, depreciation and amortisation to increase to around GBP6.0 million from GBP5.3 million. Cash and equivalents total around GBP11.2 million at the end of the period, up from GBP9.3 million one year prior. Ten says two large contracts, including a multi-year US one worth GBP5.0 million per year initially, "have now successfully launched and are delivering revenues, as expected, from H2 2025". Adds that it has more recently secured two multi-year renewals of large contracts in Europe and the Asia Pacific, Middle East & Africa region. Read More